Freshening up the inventory
October 15, 2008 05:50PM By Lisa Abramowicz
Tracie Hamersley of Citi Habitats at 30 Beekman Place, where she took an apartment off the market for the summer and re-listed it last month
From the October issue: As the market slows, an increasing number of brokers have pulled apartments off the market, with the intention of giving them a short hiatus from the lackluster real estate environment and then re-listing them. The goal? To bring new attention to properties that have lingered for weeks or months without any movement. In some cases the sellers have dropped their prices before putting them back on the market, but in other cases the move has merely been designed as a breather to turn the stale units into "new listings" again when they re-enter the fray.
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Comments
steve Hirsch
addition to a previous comment; Lets stop feeling sorry for the state of the economy. This is the way of leveling the playing field. It had to be this way. If nothing ever happend to the economy, would you pay $1 million for something 500 sq.ft.? or rent a 1 bedroom for $7500. Because at the rate we were going, there was no end in site. It was the high prices of Manhattan and the rest of the country that got us into this mess. And it was the banks that easily gave the loans for people to live their American dreams... to own a home that is way overpriced, have a huge mortgage, and drive a Lexus. Hm...all this just for stopping in at your local bank
Comment #1 Posted By: steve Hirsch 10/15/08
Anonymous
wow! this guy is real deep,
Comment #2 Posted By: Anonymous 10/15/08
Anonymous
she would be number one if it wasnt for bald uncle jimmy
Comment #3 Posted By: Anonymous 10/15/08
Anonymous
uncle jimmy is the man, he taught her everything she knows who are we kidding
Comment #4 Posted By: Anonymous 10/16/08
Anonymous
Brown Harris Stevens has been relisting listing for the last 5 years, why are we only noticing it now.
Comment #5 Posted By: Anonymous 10/16/08
Anonymous
The girl in the picture is much nicer than the apartment she is modeling.
Comment #6 Posted By: Anonymous 10/16/08
Anonymous
What's going on now is a natural, necessary deleveraging of the housing market. Everyone was living on pure credit and it has finally caught up. Lets let this thing correct itself, even if it means covering your eyes when you look at your home equity..
Comment #7 Posted By: Anonymous 10/16/08
Anonymous
much nicer and not as loud as uncle jimmy
Comment #8 Posted By: Anonymous 10/16/08